Suburb Profile Report for Ararat VIC (3377)

Ararat House: Median price $200,000, Annual capital growth 3.18%, Number of sales 129, Weekly median advertised rent $250

Ararat Unit: Median price $147,000, Annual capital growth N/A, Number of sales 14, Weekly median advertised rent $188

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Unit Report

Property value increases in Ararat have tracked lower than the VIC average of 11.00% over the last 12 months.

While Ararat,3377 ranked number 323th in VIC for increase in median house value (annualised) increase, it is ranked 463th over the last 5 years.

Property investors looking for a bargain in Ararat should be aiming for at least -6.87% off the asking price, which is the average vendor discount being achieved at the moment.

Property investors should expect to get $250 weekly from the median priced house in this suburb.

The five-year average increase in median property values for Ararat,3377 has given property investors a potential capital gain of -39.57% across each of those five years.

On average over the past year, suburb has had 1.17 sales per month, which equates to 14 per year.

With the median price for a house in Ararat being $147000 and the advertised rent reaching $187.5 the gross rental yield for property investors calculates out to be 6.63%

Metrics i HOUSE UNIT
$200,000 $147,000
2.56% N/A
-2.44% N/A
3.18% N/A
$250 $188
129 14
6.50% 6.63%
105.07 N/A

Source: CoreLogic

DSR Score for property investment : Above average (H), Below average (U)
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Demographics
Total population 8076
Median household income ($/weekly) 851
Median age of persons 43
Median housing loan repayment ($/monthly) 1000
Average household size 2.3
  • Census Count Percent(%)
    5-14 years 968 12.0
    35-44 years 1036 12.8
    45-54 years 1139 14.1
    55-64 years 1097 13.6
    65-74 years 822 10.2
    Others 3014 37.3
    Age Group
    Census Count Percent(%)
    Registered Married 2668 48.0
    Not Married 2334 42.0
    Defacto Relationship 554 10.0
    Social Marital Status
  • Census Count Percent(%)
    Australia 7020 90.8
    Papua New Guinea 121 1.6
    Philippines 39 0.5
    United Kingdom 197 2.5
    Other 101 1.3
    Others 250 3.2
    Country of Birth
    Census Count Percent(%)
    Buddhism 42 0.6
    Christianity 4787 68.5
    Hinduism 19 0.3
    Islam 36 0.5
    No Religion 2079 29.8
    Others 25 0.4
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 299 10.9
    $400-$599 425 15.5
    $600-$799 392 14.3
    $800-$999 299 10.9
    $1,500-$1,999 279 10.1
    Others 1055 38.4
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 2900 45.9
    Employed, worked full-time 1962 31.1
    Employed, worked part-time 1092 17.3
    Employed, away from work 226 3.6
    Unemployed, looking for work 136 2.2
    Person Characteristics
  • Census Count Percent(%)
    Managers 373 11.4
    Professionals 406 12.4
    Technicians & trades workers 454 13.8
    Community & personal service workers 539 16.4
    Labourers 587 17.9
    Others 919 28.0
    Occupation
    Census Count Percent(%)
    Pre-school 129 8.7
    Infants/Primary 603 40.4
    Secondary 494 33.1
    Technical or Further Educational Institution 113 7.6
    University or other Tertiary Institutions 108 7.2
    Others 44 3.0
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 6682 94.3
    Flat, unit or apartment 244 3.4
    Semi-detached, row or terrace house, townhouse 102 1.4
    House or flat attached to a shop, office 31 0.4
    Caravan, cabin, houseboat 28 0.4
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 1231 41.6
    Being purchased 941 31.8
    Rented 768 25.9
    Other tenure type 21 0.7
    Tenure Type
Census 2011, ABS
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Recent sales & rentals